(THIS
IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT. NOT
FOR DISTRIBUTION OUTSIDE INDIA.)

SILGO
RETAIL LIMITED

CIN:
U36911RJ2016PLC049036

Our Company was incorporated as "Silgo Retail
Private Limited" on January 09, 2016, under the Companies Act, 2013 with the
Registrar of Companies, Jaipur at Rajasthan bearing Registration No. 049036. The status of
our Company was changed to a public limited company and the name of our Company was
changed to "Silgo Retail Limited" by a special resolution passed on July 24,
2018. A fresh certificate of incorporation consequent to the conversion was granted to our
Company on July 28, 2018, by the Registrar of Companies, Jaipur at Rajasthan.

PUBLIC ISSUE OF 13,56,000 EQUITY SHARES
OF RS. 10 EACH ("EQUITY SHARES") OF SILGO RETAIL LIMITED ("SRL" OR THE
"COMPANY") FOR CASH AT A PRICE OF RS. 36 PER SHARE (THE "ISSUE
PRICE"), AGGREGATING TO RS. 488.16 LAKHS ("THE ISSUE"), OF WHICH 72,000
EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE
ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER
RESERVATION PORTION I.E. ISSUE OF 12,84.000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER
REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE
26.77% AND 25.35%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE
COMPANY.

THE FACE VALUE
OF THE EQUITY SHARE IS RS. 10 AND

THE ISSUE PRICE
IS 3.6 TIMES OF THE FACE VALUE.

ISSUE OPENED ON:
SEPTEMBER 27, 2018 and ISSUE CLOSED ON: OCTOBER 03, 2018

The Equity Shares of the Company are proposed to be
listed on the EMERGE Platform of National Stock Exchange of India Limited
("NSE"). Our Company has received an approval from NSE for the listing of the
Equity Shares pursuant to letter dated September 07, 2018. NSE shall be the Designated
Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on
October 10, 2018 (Subject to receipt of listing and trading approvals from the National
Stock Exchange of India Limited).

The Issue is being made through the Fixed Price process,
the allocation in the Net Issue to the Public category shall be made as per Regulation
43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a
minimum of 50% of the Net Issue of shares to the Public shall initially be made available
for allotment to Retail Individual Investors. The balance of Net Issue of Shares to the
public shall be made available for allotment to Individual Applicants other than Retail
Individual Investors and other Investors, including Corporate Bodies / Institutions
irrespective of number of shares applied for. If the Retail Individual Investor category
is entitled to more than 50% on proportionate basis, they shall be allotted that higher
percentage. Under subscription, if any, in any of the categories, would be allowed to be
met with spill-over from any of the other categories or a combination of categories at the
discretion of our Company in consultation with the Lead Manager and the Designation Stock
Exchange. Such inter-se spill over, if any, would be affected in accordance with
applicable laws, rules, regulations and guidelines. All Investors shall participate in the
Issue only through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by
providing the details of their respective bank accounts in which the corresponding
application amounts were blocked by Self Certified Syndicate Banks (the
"SCSBs").

SUBSCRIPTION DETAILS

The Net Issue has received 125
applications for 15,09,000 Equity Shares resulting in 1.175 times subscription. The
details of the applications received in the Net Issue (before and after technical
rejections & withdrawal) are as follows:

Detail of the Applications Received

Category

Before Technical
Rejections & Withdrawals

After Technical
Rejections & Withdrawals

No. of Applications

No. of Equity Shares

No. of Applications

No. of Equity Shares

Retail Individual Applicant

107

3,21,000

103

3,09,000

Non - Retail Applicant

18

11,88,000

18

11,88,000

Total

125

15,09,000

121

14,97,000

Note: The Issue also includes 72,000 Equity Shares
reserved for Market Maker, which was subscribed by 1.00 times and there were no Technical
Rejection & any withdrawal. In the event of oversubscription, the allotment will be
made on a proportionate basis in marketable lots. There was over subscription of 2,13,000
Equity Shares in Non - Retail Category & under subscription 3,33,000 Equity Shares in
Retail Category. The Basis of Allotment was finalised in consultation with the Designated
Stock Exchange - National Stock Exchange of India Limited on October 08, 2018.

A)

Allocation to Market Maker (After Technical Rejections &
Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 36
per Equity Share, was finalised in consultation with NSE. The category was subscribed by
1.00 times. The total number of shares allotted in this category is 72,000 Equity Shares.
The category-wise details of the Basis of Allotment are as under:

No. of Shares Applied for
(Category Wise)

No. of Applications
Received

% to Total

Total No. of Shares
Applied in Each Category

% to Total

Allocation per Applicant

Ratio of Allottees to the
Applicant

Total No. of Shares
Allotted

72,000

1

100.00

72,000

100.00

72,000

1:1

72,000

Total

1

100.00

72,000

100.00

72,000

B)

Allocation to Retail Individual Investors (After Technical
Rejections & Withdrawals): The Basis of Allotment to the Retail Individual
Investors, at the Issue Price of Rs. 36 per Equity Share, was finalised in consultation
with NSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total
number of shares allocated in this category is 3,09.000 Equity Shares. The category was
subscribed by 0.481 times. The category-wise details of the Basis of Allotment are as
under:

No. of Shares Applied for (Category
Wise)

No. of Applications Received

% to Total

Total No. of Shares Applied in Each
Category

% to Total

Allocation per Applicant

Ratio of Allottees to the Applicant

Total No. of Shares Allotted

3,000

103

100.00

3,09,000

100.00

3,000

1:1

3,09,000

Total

103

100.00

3,09,000

100.00

3,09,000

C)

Allocation to Non - Retails Category (Atter Technical Rejections
& Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue
Price of Rs. 36 per Equity Share, was finalised in consultation with NSE. Pursuant to
Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares
allocated in this category is 9,75,000 Equity Shares (including un-subscribed portion of
3,33,000 Equity Shares of Retail Individual Investors category). The category was
subscribed by 1.218 times. The category-wise details of the Basis of Allotment are as
under:

No. of Shares Applied for (Category
Wise)

No. of ApplicationsReceived

% to Total

Total No. of Shares Applied in Each
Category

% to Total

Allocation per Applicant

Ratio of Allottees to the Applicant

Total No. of Shares Allotted

6,000

4

22.22

24,000

2.02

3,000

1:1

12,000

6,000

(Lottery System - Serial No.
of Qualifying Applicant is 1,2 and 3)

3,000

3:4

9,000

9,000

1

5.56

9,000

0.76

6,000

1:1

6,000

15,000

3

16.67

45,000

3.79

12,000

1:1

36,000

21,000

1

5.56

21,000

1.77

18,000

1:1

18,000

24,000

1

5.56

24,000

2.02

21,000

1:1

21,000

27,000

1

5.56

27,000

2.27

21,000

1:1

21,000

69,000

1

5.56

69,000

5.81

57,000

1:1

57,000

72,000

1

5.56

72,000

6.06

60,000

1:1

60,000

1,41,000

1

5.56

1,41,000

11.87

1,17,000

1:1

1,17,000

1,47,000

1

5.56

1,47,000

12.37

1,20,000

1:1

1,20,000

1,65,000

1

5.56

1,65,000

13.89

1,35,000

1:1

1,35,000

2,22,000

2

11.11

4,44,000

37.37

1,80,000

1:1

3,60,000

2,22,000

(Lottery System - Serial No.
of Qualifying Applicant is 1)

3,000

1:2

3,000

Total

18

100.00

11,88,000

100.00

9,75,000

The Board of Directors of the Company at its meeting
held on October 08, 2018, has taken on record the Basis of Allotment of Equity Shares, as
approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action
for the allotment of the Equity Shares to various successful applicants.

The CAN and allotment advice and / or notices have been
dispatched to the address of the investors as registered with the depositories. Further,
the instructions to Self Certified Syndicate Banks will be processed on or before October
09, 2018 for unblocking of funds. The Equity Shares allotted to successful applicants are
being credited to their beneficiary accounts subject to validation of the account details
with the depositories concerned. In case the same is not received within prescribed time,
investors may contact the Registrar to the Issue at the address given below. The Company
is taking steps to get the Equity Shares admitted for trading on the EMERGE Platform of
National Stock Exchange of India Limited within 6 working days from the Closure of the
Issue. The trading is proposed to be commenced on October 10, 2018, subject to receipt of
listing and trading approvals from National Stock Exchange of India Limited.

Note: All capitalized terms used and not defined herein
shall have the respective meanings assigned to them in the Prospectus dated September 14,
2018 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made has
been hosted on the website of the Registrar to the Issue, Bigshare Services Private
Limited at Website: www.bigshareonline.com.
All future correspondence in this regard may kindly be addressed to the Registrar to the
Issue quoting full name of the First/Sole Applicant, Serial number of the Application
Form, Number of Shares Applied for and Bank Branch where the Application had been lodged
and payment details at the address given below:

LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE
MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF SILGO RETAIL
LIMITED.

SILGO RETAIL LIMITED is proposing, subject to
applicable statutory and regulatory requirements, receipt of requisite approvals, market
conditions and other considerations, to make a Public Issue of its Equity Shares and has
filed the Prospectus with the Registrar of Companies, Jaipur at Rajasthan. The Prospectus
shall be available on the websites of the Company, the NSE and the Lead Manager at www.silgo.in, www.nseindia.com
and www.afsl.co.in respectively. Applicants should
note that investment in equity shares involves a high degree of risk and for details
relating to the same, see the Prospectus, including, the section titled "Risk
Factors" beginning on page no. 10 of the Prospectus.

The Equity Shares have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities
Act"), and may not be offered or sold within the United States except pursuant to an
exemption from, or in a transaction not subject to, the registration requirements of the
U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity
Shares are being offered and sold (i) within the United States to persons reasonably
believed to be qualified institutional investors (as defined in Rule 144A under the U.S.
Securities Act) pursuant to Rule 144A under the U.S. Securities Act and (ii) outside the
United States in offshore transactions in reliance on Regulation S under the U.S.
Securities Act and applicable laws of the jurisdictions where such offers and sales occur.